Question 1 The following trial balance has been extracted by the bookkeeper of Tshepo the...
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Question 1 The following trial balance has been extracted by the bookkeeper of Tshepo the Jean Makers Retail store in Hyde Park, as at 30 June 2023. Notes as at 30 June 2023: 1. Stock was valued at R11,517. 2. Motor vehicles expenses owing R55. 3. Rent prepaid R275. 4. Depreciate shop Fixtures and Fittings at over 10 years on the straight-line method and motor vehicles over 5 years 4. The provision for bad debts is to be equal to 2.5% of debtors. Use the trial balance and accompanying notes to prepare the final accounts of the business for the year ended 30 June 2023. Please show all workings separately and reference accordingly (40 Marks)
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Question 1 The following trial balance has been extracted by the bookkeeper of Tshepo the Jean Makers Retail store in Hyde Park, as at 30 June 2023. Notes as at 30 June 2023: 1. Stock was valued at R11,517. 2. Motor vehicles expenses owing R55. 3. Rent prepaid R275. 4. Depreciate shop Fixtures and Fittings at over 10 years on the straight-line method and motor vehicles over 5 years 4. The provision for bad debts is to be equal to 2.5% of debtors. Use the trial balance and accompanying notes to prepare the final accounts of the business for the year ended 30 June 2023. Please show all workings separately and reference accordingly (40 Marks) 